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Stock Market & Financial Investment News

News Breaks
May 2, 2014
12:08 EDTWLTWalter Energy to sell Blue Creek coal terminal
Walter Energy has reached an agreement in principle with the Alabama State Port Authority to sell both the Blue Creek Terminal located in the Port of Mobile and an additional parcel of more than 60 acres located less than a mile from the Blue Creek Terminal. The total consideration to be paid by the Port Authority for the properties is $25M. In addition, the company has agreed with the Alabama State Port Authority to amend the terms of the Coal Handling Agreement pursuant to which the Port Authority currently handles the company's coal exports through the McDuffie Coal Terminal in Mobile, Alabama. As part of the amendment, the Port Authority has agreed to a long term extension of the existing coal handling agreement and to make certain improvements to the McDuffie terminal to ensure the company has the capability to export the coal that will be produced when the company's Blue Creek Mine is completed. It is anticipated that the transactions will be consummated upon the satisfaction of usual and customary closing conditions.
News For WLT From The Last 14 Days
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August 28, 2014
14:50 EDTWLTWalter Energy volatility at low end of 38-month range
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August 21, 2014
05:52 EDTWLTStocks with implied volatility movement; NOK WLT
Stocks with implied volatility movement; Nokia (NOK) 30, Walter Energy (WLT) 62 according to iVolatility.
August 14, 2014
16:01 EDTWLTOptions Update; August 14, 2014
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08:21 EDTWLTWhile Appalachian mines close, U.S. ramps up coal imports, WSJ says
Coal imports surged 44% to 5.4M metric tons during the first six months of this year compared with last, despite coal mines closing throughout the Appalachia region, reported The Wall Street Journal, which noted that IHS Energy said it costs $26 a ton to ship coal from Central Appalachia to Florida but only $15 a ton to get coal from a mine in Colombia. Imports supply just 1% of U.S. coal consumption, but the imports, especially from Colombia, "are a factor" in mine closings, the report added. Publicly traded coal companies include Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU), Alliance Resource Partners (ARLP), and Walter Energy (WLT). Reference Link

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